by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 18, 2023 | Webinar, Tax Strategy
Don’t miss our upcoming webinar, “2023 Tax Strategies for a Recession: Achieving Real Estate Professional Status for Investors and Business Owners” Learn how to reduce your tax bill by up to 30% by becoming a real estate professional and take...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 17, 2023 | Tax Planning, Business Planning
The tax savings are based on individual circumstances. Because everyone’s tax situation is unique, there is no definitive answer to potential tax savings. Some people can take advantage of certain credits, while others can take certain deductions that will not...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 16, 2023 | Tax Planning, Tax Strategy
What is tax planning? Tax planning is arranging one’s financial affairs to minimize the amount of taxes owed to the government. This typically involves taking advantage of tax credits, deductions, and other tax-saving opportunities under the law. Tax planning...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 15, 2023 | Tax Deductions, Tax Strategy
Are you tired of overpaying the IRS year after year? Let us help you shrink it, just like in the classic 90s film “Honey I Shrunk the Kids.” One of our clients recently compared their reduced tax burden to the shrinking of the kids in the movie, and...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 14, 2023 | Accounting Services, Tax Planning
Attention all taxpayers! Are you tired of paying high fees for tax preparation services? Look no further! Our tax planning package now includes free tax preparation. That’s right – all the expertise and assistance you need to file your taxes at no...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 13, 2023 | Tax Planning, Business Planning
During one of our quarterly meetings with one of our tax planning clients, the client asked the following question: Do you have a list of companies that have done well during recessions or economic downturns? Sure, here’s a list of companies, grouped by sector,...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 12, 2023 | Tax Planning, Tax Strategy
Tax planning can be confusing and intimidating for many individuals and businesses. It is natural to have questions about the cost, process, and importance of tax planning. We will address some common questions that people have about tax planning. Understanding these...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 11, 2023 | Consulting Services, Tax Strategy
Maximize your YouTube earnings by taking advantage of tax deductions. Do you need help figuring out your tax obligations as a social media influencer or YouTuber? It’s no secret that taxes can get complicated, especially as new revenue streams come into play....
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 10, 2023 | Consulting Services, Tax Planning
Taxes got you stressed? Is Tax Planning the Answer? Many people, including tax professionals, need to understand the term and realize that tax projections and planning differ. Tax projections estimate your taxable income for the year based on your current income and...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 5, 2023 | Tax Deductions, Tax Strategy
As a small business owner, it is important to keep an eye on your bottom line and look for ways to save money, including taxes. Here are some strategies to consider: Choose the right business structure: The type of business structure you choose can have significant...
